Google parent to lay off 12,000 workers as AI focus intensifies

Posted on AllSides January 20th, 2023
From The Center
REUTERS/Benoit Tessier

Google's parent Alphabet Inc (GOOGL.O) is cutting about 12,000 jobs, or 6% of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI).

Alphabet's shares were up nearly 3% in pre-market trading.

The cuts come at a delicate moment for the U.S. company, which has long been the leader in key areas of AI research.

Alphabet now faces a challenge from Microsoft Corp (MSFT.O) in a branch of tech that can, for instance, create virtually...

Read full story

Reuters

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
113141/87304
See full bias rating for Reuters
Learn about media bias
https://www.reuters.com/business/google-parent-lay-off-12000-workers-memo-2023-01-20/

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right